What annual payment is required to accumulate

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Reference no: EM131012205

1) The present value of $81,189 to be received in 16 years at 8.3% is how much?

2) For an annuity in arrears, what annual payment is required to accumulate $662,399 in 8 years at an interest rate of 10.44?

3) To stay "even" (same purchasing power) with inflation forecast at 4.4% per year, what would your salary need to be in 8 years if you currently earn $47,028 per year?

4) A $650,798 warehouse if being purchased by your company. The deal requires a down payment of 84,328 with the remainder of the purchase price paid over 20 years, payments in advance. The annual interest rate applicable is 6.18. What monthly payment in advance will be required to pay off this loan?

Reference no: EM131012205

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What annual payment is required to accumulate : The present value of $81,189 to be received in 16 years at 8.3% is how much? For an annuity in arrears, what annual payment is required to accumulate $662,399 in 8 years at an interest rate of 10.44? To stay "even" (same purchasing power) with inflat..

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